 "Finance Minister Arun Jaitley")
The Centre is planning privatisation, or strategic sale, of a number of state-owned companies and properties to meet its budgeted target of Rs 800 billion for 2018-19.
Apart from the marquee brand, Air India, work is underway to sell-off stake in Pawan Hans, Dredging Corp, HLL Lifecare and Indian Medicines Pharmaceutical Corporation Limited (IMPCL), among others, said the official. The government is also planning to exit five India Tourism Development Corporation (ITDC) hotels in the upcoming fiscal year, starting with properties in Ranchi and Jaipur. Apart from these, NBCC might also acquire Bridge and Roof Co.
The Department of Investment
